§ 27-8-15-21 — Renewal cessation; prohibitions

Indiana § 27-8-15-21

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 8: LIFE, ACCIDENT, AND HEALTH
• Ch. 15: Small Employer Group Health Insurance

Text

(a) An insurer who ceases to renew all small
employer plans may not do the following:
(1) Accept any new small employer business for five (5) years
after the notice of nonrenewal of the plans.
(2) Transfer or otherwise provide coverage to any of the
employers from the nonrenewed class of business unless the
insurer offers to transfer or provide coverage to all affected
employers and eligible employees and dependents without regard
to case characteristics, claim experience, health status, or duration
of coverage.
(b) The commissioner may suspend the penalty under subsection
(a)(1) upon a finding by the commissioner that the suspension would
enhance the efficiency and fairness of the marketplace for small
employer health insurance.

Legislative History

As added by P.L.127-1992, SEC.1.